Some highlights for me...
Targets lie in the Western Hombre Muerto basin adjacent to Livent Corporation’s
(formerly FMC) Fenix lithium brine operation
• Resistivity values from the targets, which lie adjacent to Livent’s operations, are
similar to those observed at Candelas giving positive implications for lithium grade
potential for the projects
• Total potential surface brine coverage increased by ~24% for the Company’s
projects at Hombre Muerto to ~7,800 hectares
• The Hombre Muerto Basin is, globally, one of the most prolific lithium bearing salt
flats hosting some of the lowest levels of impurities in the industry
This implies that grades are expected to be of a similar nature in both regions and comparable to that
being extracted by Livent at their adjacent Fenix operations. On October 11, 2018 FMC listed their
lithium business on the NYSE as Livent Corporation (NYSE:LTHM) raising US$340m with a market
capitalisation at listing of US$2.43bn.
The total area of potential brine coverage for these Western Basin targets is approximately 1,860
hectares. When combined with the Candelas project, this represents an ~24% increase in the Company’s
total potential surface brine coverage to ~7,800 hectares for its Hombre Muerto projects.
>>>
Check out the Santa Barbara results...RIGHT next to Livents (FMC's) plant.
That's a fair amount of BRINE...right next the Best Salar/brine OP in all of ARG.
IMO...you could pull off a 2,000 tons pond OP right there.
There are lots of eyes going to be look at this report.
Again...JP is PROVING that if you DYOR...think outside the box a little...you can show value were others just thought there was surface magma.
FMC must be kicking themselves for not extending the permitting.
I could see GLN selling 1 or 2 of these for decent funds.
Well done JP and team!
IMO
DYOR!!
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